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LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors.com has just released a free research report on Curtiss-Wright Corp. (NYSE: CW). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CW as the Company's latest news hit the wire. On February 20, 2018, the Company declared that it has struck an agreement to acquire the assets of the Dresser-Rand Government Business ("Dresser-Rand"), a supplier of innovative product and service solutions to the US Navy and safety-critical commercial nuclear power industry, for approximately $212.5 million in cash. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Gardner Denver Holdings, Inc. (NYSE: GDI), which also belongs to the Industrial Goods sector as the Company Curtiss-Wright. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Curtiss-Wright most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CW

Dresser-Rand is a business unit of Siemens Government Technologies which is a wholly-owned US subsidiary of Siemens AG in Germany.

Strategic Benefits of the Deal

The acquisition of Dresser-Rand's government business portfolio significantly expands Curtiss-Wright's shipset content. The agreement also provides an opportunity to increase the Company's footprint on new US Navy Nuclear vessels, thereby establishing a prominent Curtiss-Wright presence at US Navy shipyards and providing an opportunity to grow its existing US Navy aftermarket business. The combination of Curtiss-Wright's long-standing relationships with similar customers, and proven track records supporting critical US naval defense platforms will ensure that the Company is well-positioned to benefit from the continued expansion of its US naval fleet. Furthermore, this transaction exemplifies the ideal strategic and financial fit for Curtiss-Wright as it supports the Company's long-term financial objectives for increased sales growth, margin expansion, and strong free cash flow generation.

Insights of the Deal

The acquired business will operate within Curtiss-Wright's Power segment and is expected to be accretive to 2018 earnings per share. It is also expected to produce a free cash flow conversion in excess of 100%, excluding the effects of purchase accounting.

The Dresser-Rand government business, which employs approximately 150 people, is expected to generate sales of approximately $95 million in fiscal 2018, principally to the naval defense market, with additional sales to the power generation market. The acquisition, likely to close in April 2018, is subject to the receipt of regulatory approval and other closing conditions.

Curtiss-Wright's Last Acquisition Deal

The Company completed the acquisition of Teletronics Technology Corporation (TTC) for $233 million in cash, in January 2017. TTC was a leading designer and manufacturer of high-technology data acquisition and comprehensive flight test instrumentation systems for critical aerospace and defense applications. The acquisition provided increased breadth to Curtiss-Wright's data acquisition product portfolio as well as geographic expansion and the opportunity to leverage TTC's domestic presence and Curtiss-Wright's existing international presence.

About Dresser-Rand Government Business

Dresser-Rand is a leading designer and manufacturer of mission-critical, high-speed rotating equipment solutions, including reciprocating compressors, steam turbines, and steam system valves, supporting Nimitz-class and Ford-class aircraft carriers, Virginia-class and Columbia-class submarines, and most major US Navy shipbuilding programs. Dresser-Rand is the sole supplier of steam turbines and main engine guard valves on all aircraft carrier programs. The Company was formed in 1986 and is headquartered in Houston, Texas.

About Curtiss-Wright Corp.

Founded in 1929 and headquartered in Buffalo, New York, Curtiss-Wright is a diversified, multinational provider of highly engineered, technologically advanced products and services. The Company design and manufacture highly engineered, advanced technologies that perform critical functions in demanding conditions in the commercial, industrial, defense, and energy markets, and have operations in the United States, the United Kingdom, Canada, and internationally.

Stock Performance Snapshot

February 21, 2018 - At Wednesday's closing bell, Curtiss-Wright's stock slightly fell 0.68%, ending the trading session at $128.91.

Volume traded for the day: 200.98 thousand shares.

Stock performance in the last three-month ? up 8.98%; previous six-month period ? up 36.21%; past twelve-month period ? up 31.13%; and year-to-date - up 5.79%

After yesterday's close, Curtiss-Wright's market cap was at $5.61 billion.

Price to Earnings (P/E) ratio was at 26.50.

The stock has a dividend yield of 0.47%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

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